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" ~ .. I . r . RESOLUTION NO. 1;,' ~ STATE OF MINNESOTA COUNTY OF RAMSEY CITY OF NEW BRIGHTON RESOI,MTION AMENDING RESOLUTION NO. 1340 ENTITLED "RESOLUTION AWARDING SALE OF $390,000 PERMANENT IMPROVEMENT BONDS OF 1974 AND FIXING FORM AND TERMS THEREOF" BY AMENDING PARAGRAPH 7 TO READ AS io FOLLOWS: BE IT RESOLVED by the council of the City of New Brighton, That Resolution NO. 1340 entitled "Resolution .awarding Sale of $390,000 Permanent Improvement Bonds of 1974 and Fixing Form and Terms Thereof" be amended by changing ,Paragraph 7 to read as follows: I 7. It is hereby found and determined that the estimated collection of special assessments pledged for the payment of said bonds and the taxes herein levied will produce at least five percent in excess of the amount needed to meet, when due, the principal and interest payments on the bonds. Nothing herein contained shall prevent the issuance and sale of additional bonds payable from the proceeds of said assessments to provide additional funds to pay the balance of the cost of each said improvement. For the purpose of paying the city's share of the costs of said improvements represented by special assessments adopted against city owned property, general ad valorem taxes are hereby levied on all taKable property in the city collectable in the years and amounts: as follows: 5. 1< 1 :;:5 Year ,Amount Year -IAmount 1975 :$3,165.94 1982 $1,911.g8 1976 2.,500.14 1983 1,813.82 1977 2,402.10 1984 1,715.80 1978 2,304.06 1985 1,617.74 1979 2,206.02 1986 1,519.70 1980 2,107.96 1987 1,421.66 1981 2,009.94 1988 1, 323..A94 J(PI'J~.H.I' ---~-------~ II. sl..j S'Lj Adopted this 28th day of May 1974 ATTEST: APPROVED: -' .) ~-) e.Jf~~~ i Vernon c. Pederson, Clerk-Treasurer (SEAL)